Orange Business to offer subscription-based Smart City services in Saudi Arabia

Mohammed Al-Jeraisy, managing director for Orange Business, Saudi Arabia and Africa. AN
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Updated 11 February 2025
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Orange Business to offer subscription-based Smart City services in Saudi Arabia

RIYADH: Digital system integrator Orange Business is set to roll out “Smart City-as-a-Service” in Saudi Arabia, aiming to drive significant financial and time savings, a senior company official said.

Speaking to Arab News on the sidelines of LEAP 2025 in Riyadh, Mohammed Al-Jeraisy, managing director for Saudi Arabia and Africa, said the service will develop Smart City applications for cloud deployment, capitalizing on the sector’s rapid growth.

The Saudi Smart Cities market is projected to expand considerably, with revenue expected to hit $560 million by 2025, according to data firm Statista. Globally, the US is forecasted to generate the highest revenue in the segment at $27.06 billion in the same year.

“This is something that is known — it’s a challenge. When you implement a Smart City solution, deployment is costly and time-consuming. These projects typically take years to develop and build. What a Smart City-as-a-Service solution does today is help customers adopt the solution quickly, saving both time and costs,” Al-Jeraisy said.

He added that the new model could cut costs by 40 to 60 percent and reduce adoption time by up to 80 percent.

Al-Jeraisy also highlighted the flexibility of the subscription-based model, which allows customers to choose specific Smart City services as needed.

“When it comes to Smart City services, there are many — plenty of them. You can think of major services like a city’s command and control center, which is essential. You also need solutions for the environment and applications for traffic management. Today, you can start using these services immediately and access them through the platform,” Al-Jeraisy said. 

The model enables customers to opt in and out of services as required. “You can subscribe to the service today, use it for as long as you need, and stop whenever you decide. You can then go for another service. I think that’s one of the key benefits we offer to customers,” he added.

Despite the name, Smart City-as-a-Service is not limited to cities, Al-Jeraisy said. “It can be used for campuses, stadiums, events, and even universities because what truly matters are the applications and use cases we build on the platform,” Al-Jeraisy said, noting that both small and large cities, as well as airports and schools, can benefit from these services.

Saudi Arabia is emerging as a leader in Smart City and AI adoption, he noted, adding that the global adoption rate for Smart City-as-a-Service currently stands at 33 percent and is expected to rise as more customers recognize its benefits.

Orange Business has been involved in large-scale Smart City projects in Saudi Arabia and the Middle East for more than a decade. It is engaged in major regional developments, including projects in Egypt and the Arabian Gulf states, and contributes to the SMART Africa initiative to accelerate sustainable socio-economic development across the continent.

The company signed a deal in September 2023 with the King Abdullah Financial District Development & Management Company to design, build, and operate a Smart City platform integrating existing digital technologies at Saudi Arabia’s prime business district, KAFD. 

The platform leverages AI and data analytics while providing Digital Master Systems Integration services. Orange Business is also orchestrating a partner ecosystem to drive new use cases and seamless integration.


Stc Group issues US dollar-denominated sukuk with a total value of $2bn

Updated 09 January 2026
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Stc Group issues US dollar-denominated sukuk with a total value of $2bn

RIYADH: Stc Group has issued US dollar-denominated sukuk with a total value of $2 billion across two tranches.

The group clarified that the issuance included the offering of $750 million in sukuk with a 5-year maturity at a yield of US Treasury plus 75 basis points, and an issuance of $1.250 billion with a 10-year maturity at a yield of UST plus 90 basis points, according to the Saudi Press Agency.

It noted that the total order book exceeded $8 billion across both tranches, with a coverage rate exceeding 4 times, and participation from over 300 investors in the subscription.

The issuance garnered strong demand from a broad and diverse base of international investors, reflecting solid confidence in the robustness and efficiency of stc Group’s business model and strategy. 

This strategy is aimed at strengthening its digital leadership, seizing infrastructure opportunities, enabling massive projects, and contributing to the realization of Vision 2030 objectives, with a focus on achieving sustainable growth based on operational efficiency and maximizing shareholder value.

This issuance enhances stc Group’s access to international capital markets and solidifies investor confidence in the strength of its credit position. 

It also supports its strategic role in accelerating the pace of digital transformation in the Kingdom and building a thriving digital economy.